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so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your record when george w. bush was president. you voted at least three times against increasing the debt limit. why would congress give up that power? >> the bottom line is on debt ceiling, things shifted. i don't agree with bob corker on that issue. it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff a
so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your...
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the fiscal cliff will result in tax increases and federal spending cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. they're going to have to because this country's in a dire situation. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and remember the people who put you in office. >> nadia ramdass, wbal-tv 11 news. >> jews around the world celebrated the beginning of eight-day hanukkah festival saturday evening by lighting the candles of the ceremonial lamps. in chicago, hundreds gathered to watch the lighting of an eight-foot menorah. also known as the festival of lights. hanukkah commemorates the jewish uprising in the second century b.c. against the greek syrian kingdom. the holiday lasts eight days. according to tradition, when the jews rededicated the temple in jerusalem, a single vial of oil burned for eight days. and here in baltimore, some pe
the fiscal cliff will result in tax increases and federal spending cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. they're going to have to because this country's in a dire situation. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and...
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cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you know, they started their tango now, and any time you start a tango, you have to get it done. >> more republicans are accepting the idea that wealthy americans will get a tax raise hike. >> there are a group of folks looking at this realizing we don't have a lot of cards before year end. >> but others remain opposed to raising taxes on the top 2%. >> the president wants the rates to go up. that doesn't solve the problem, and we don't want to be back here in another year, another ten years trying to answer the question. >> the deadline for an agreement is closer than you might think. many here on capitol hill tell us that the president tell us they have to reach a deal by the end of this week in order for congr
cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you know, they started their tango now, and any time you start a tango, you have to get it done. >> more republicans are accepting the idea...
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was the issue preventing the deal on the fiscal cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be the busiest in six years. aaa predicts more than 93 million americans hitting the highways over the holidays, just 400,000 people shy of the record set in 2006. we continue our count down to the closing bell with the woman who likes her politics the same hi way likes her martinis, shaken, not stirred. liz: no, a mojito, light on the rum, adam. get it right. >> you look like a vodka woman to me, i don't know. liz: never. can't deal with that. a rough year for jcpenney, but things changing. the stock popped, but now th
was the issue preventing the deal on the fiscal cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study...
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. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holidays is a reminder of something else around the corner. >> i just can't imagine funding being cut at this point. it was be tragic. >> she is worried budget cuts would hurt food safety inspection. that's mattered to her since her twins her born in 1999. she and her babies got listeria poisoning. contaminated food sickens about 48 million a year. 3,000 die. so the fda and usda are charged with protecting the simply. an 8.2 budget cut translates to $157 million. there's no word exactly what cuts would mean to staffing. >> both fda and usda are stretched pretty thin when it comes to the activities they do. they need increased resources and not fewer. >> agencies always say they're stretched. >> dean clancy is with freedom works and says the cuts leave nothing to fear. >> arguing that getting spending under control endangers public health and safety is a really irresponsible scare tactic. especially when you re
. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holidays is a reminder of something else around the corner. >> i just can't imagine funding being cut at this point. it was be tragic. >> she is worried budget cuts would hurt food safety inspection. that's mattered to her since her twins her born in 1999. she and her babies got listeria...
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. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the overall message other than he wanted to have, i guess, a sound bite to play today as we continue to talk and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pr
. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's...
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less than a month remains for lawmaker to reach a deal before the fiscal cliff deadline. the whitehouse open sists tax rates must rise on higher incomes in order to balance spending cuts but republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think
less than a month remains for lawmaker to reach a deal before the fiscal cliff deadline. the whitehouse open sists tax rates must rise on higher incomes in order to balance spending cuts but republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal...
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we don't know what will happen in this hour, in this meeting so we could still go over the fiscal cliff. the second poll, the best way or fix this budget problem, 57%. mostly spending cuts. raise my taxes. >> dana: this is the problem that the democrats are starting to realize, they let this go on too long. you never under estimate the obama administration tendency to overplay their hand. yes, they had a good hand, but they do too much. then the public catches up with what is going on here. they say wait a second, for spending cuts and the new stories are starting to change. that the democrats say they are not for that. >> bob: the people blame republicans if it doesn't work. they blame obama. if you brought up a number should rich people get tax increases overwhelmingly they yes. >> eric: let's talk about what is going on. president obama came out and said i want 1.6 trillion in new revenues. john boehner says we will give you $800 example in new revenue. obama came down to $1.4 trillion. boehner hasn't come back yet. if boehner offers $1 trillion new revenues can it pass the house? >>
we don't know what will happen in this hour, in this meeting so we could still go over the fiscal cliff. the second poll, the best way or fix this budget problem, 57%. mostly spending cuts. raise my taxes. >> dana: this is the problem that the democrats are starting to realize, they let this go on too long. you never under estimate the obama administration tendency to overplay their hand. yes, they had a good hand, but they do too much. then the public catches up with what is going on...
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that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes, could be. >> chris: there you go, see you next week, don't forget, check out panel plus where our group picks up right with the discussion on our web site, foxnewssunday.com and we'll post the video before noon eastern time and follow us on twitter. @foxnewssunday. this program note: tune into fox news channel tonight at 9:00 p.m. eastern for "fly me to the moon" anchored by neil cavuto it marks the 40th anniversary of the last time man walked on the lunar surface. up next on "final thoughts." about my best friend. ♪ i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting
that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes,...
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. >> the speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not physicianing our problem. frankly, it's making it worse. on top of that, the president wants to ra
. >> the speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday....
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we may be seeing tiny hints of progress in the fiscal cliff crisis. it's getting quiet on capitol hill. 21 days remain before the tax hikes and spending cuts kick in, and congress breaks for the holiday, at least they are scheduled to, on friday. this is what you need to know. the president on the road pitching his tax plan to workers at a truck plant in michigan. house speaker boehner were conducting behind the scenes talks with the white house. and the posturing and finger pointing in washington suddenly stopped. we have more from washington. the sounds of silence may be the sounds of progress? >> potentially. we hope so. we don't really know. we're forced to read the tea leaves essentially, john, because neither side is giving details about the substance of discussions. let me read a statement from john boehner's press secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for th
we may be seeing tiny hints of progress in the fiscal cliff crisis. it's getting quiet on capitol hill. 21 days remain before the tax hikes and spending cuts kick in, and congress breaks for the holiday, at least they are scheduled to, on friday. this is what you need to know. the president on the road pitching his tax plan to workers at a truck plant in michigan. house speaker boehner were conducting behind the scenes talks with the white house. and the posturing and finger pointing in...
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the president's plan does not fulfill what he calls a balanced approach to ending the fiscal cliff. tax hikes, increases, that's what he says this all amounts to for the president, increases in taxes, and he is not trying to reduce spending, and that's important to the republicans. he said for five weeks -- this is according to john boehner -- he's been reaching out to the president but the president has not given a serious proposal. then eric canter echoing those sentiments as well. and if we do go over the fiscal cliff, many in the polls will blame republicans. so after the phone call last night, this is all about messaging, trying to stem the tide of people who believe the republicans are responsible for putting us over the fiscal cliff if that, indeed, does happen. this is about messaging, this is about posturing as well, getting the message across. our dana bash is standing by and she will update us on that as well, what the president said and what the republicans said behind the scenes. >>> we're also following details of that deadly mall shooting in portland, oregon. panicked
the president's plan does not fulfill what he calls a balanced approach to ending the fiscal cliff. tax hikes, increases, that's what he says this all amounts to for the president, increases in taxes, and he is not trying to reduce spending, and that's important to the republicans. he said for five weeks -- this is according to john boehner -- he's been reaching out to the president but the president has not given a serious proposal. then eric canter echoing those sentiments as well. and if we...
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the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to see the spending cuts first, show me yours first, before i give you anything on the tax hike. it's this game of who's going to blink first. but it really doesn't benefit john boehner to continue this, as we see the public opinion and his brand is really taking a hit on this. >> i think so. we've seen this movie before. there's a lot of enthusiasm for vague cuts but when you have to actually decide what gets cut, even republicans blanch. the bloomberg poll out today shows 50% of republicans think that it's time to raise the taxes on the top 2% because the president has a mandate. that's just republicans. the
the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to...
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moving on, president obama's offer on the fiscal cliff cuts billions in defense spending. colonel oliver north says that will lead to disaster. he is here next. and tony hawk is here to show us a few new tricks, including one for all those parents out there whose kids will think are cool. i don't know if i'd do it in the rain, but he can. he's a prompt but olympic gabby douglas is here. a huge show! i think shaq in the house, too. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> gretchen: 23 minutes after the top of the hour. james holmes expected to appear in court today. this will be the first time we look at him since he was taken to the hospital for a head injury last month af
moving on, president obama's offer on the fiscal cliff cuts billions in defense spending. colonel oliver north says that will lead to disaster. he is here next. and tony hawk is here to show us a few new tricks, including one for all those parents out there whose kids will think are cool. i don't know if i'd do it in the rain, but he can. he's a prompt but olympic gabby douglas is here. a huge show! i think shaq in the house, too. music is a universal language. but when i was in an accident......
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taxes and not spending cuts in averting the fiscal cliff. >> the facts are that at this point the 39.6% does produce the revenue. the differentiation between the 39 pin 6% and the 28% that the president has for limitation or deductions creates a great deal of money as well. >> one conservative commentator suggested the out come of the fiscal talks won't be the end of the world. >> we will have taxes which are roughly the same as they were underon. we did fine in that. we will do fine. >> the question is whether these negotiations will lead to making other tough choices such as washington getting a handle on the growth of government. if not the european example seems to suggest huge fiscal trouble coming to our shores as well. mike emmanuel, fox news. >>> here is a doozie of a story. a baby mix up at a minneapolis hospital results in a new mother breastfeeding another woman's baby. i told you it was a doozie. the woman given the wrong infant realized that something was not right. >> when they brought cody she thought to herself it didn't look like her other baby. but her husband reassure
taxes and not spending cuts in averting the fiscal cliff. >> the facts are that at this point the 39.6% does produce the revenue. the differentiation between the 39 pin 6% and the 28% that the president has for limitation or deductions creates a great deal of money as well. >> one conservative commentator suggested the out come of the fiscal talks won't be the end of the world. >> we will have taxes which are roughly the same as they were underon. we did fine in that. we will...
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. >> seriously >>> a possible sign of movement in the fiscal cliff debate. on a morning political talk show senator bob says he and other republicans senators would consider raising the top tax rates for the wealthiest americans when reforms on inteethelment spending. chuck shiewmer says he believes they -- schumer says he believes the compromise will be reached. >> i think we will get a deal. i think everyone realizes how important it is. our economy is moving up some and not fast enough but some and to go over that cliff would be terrible. i think we will get an agreement. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house that is it and the presidency and senate and democrats hands. so, a lot of people are putting forth a theory and i think it has merit where you give the president the 2% increase he is talking about and the rate increase on the top 2%. >> you know what is at stake over 3 weeks remaining on the count down clock befo
. >> seriously >>> a possible sign of movement in the fiscal cliff debate. on a morning political talk show senator bob says he and other republicans senators would consider raising the top tax rates for the wealthiest americans when reforms on inteethelment spending. chuck shiewmer says he believes they -- schumer says he believes the compromise will be reached. >> i think we will get a deal. i think everyone realizes how important it is. our economy is moving up some and...
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> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> let's just be clear. there is one party to these negotiations who has put forward a specific proposal for revenue and a specific proposal for spending cuts. even when the republicans-- and i saw speaker boehner do this earlier today-- insist that the president hasn't put forward spending cuts, one, it begs the question, what spending cuts have the republicans put forward? >> reporter: the president was asked if he was optimistic about reaching a deal. >> still a work in progress. >> reporter: but senate majority leader harry reid said republicans in congress should yield to public opinion about tax increases. >> speaker boehner knows or should know that the middle- class tax help that we have to
> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> let's just be clear. there is one party to these negotiations who has put forward...
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cliff and that a lot of consumers are taking a wait and see approach, reluctant to go on a spending spree. >>> okay, i know you've got them, you've got questions about the fiscal cliff, so get them to me by tweeting them to me at my handle at allisoncossack and we'll handle as many as we can during our 5:00 hour. >>> now to the latest on that tragic story out of britain. the investigation continues into the apparent suicide of a nurse at the hospital where the duchess of cambridge is being streeted. she took a prank phone call from two radio deejays -- he called the whole thing truly tragic and also said that we are anxious to review the results of an investigation. the family of the nurse posted about her on facebook. her daughter wrote simply, i miss you, i love yochlt. >>> this dallas cowboys took the field against the cincinnati bengals without two players, linebacker jerry brown jr. was killed early yesterday when the car he was riding in hit a curb at high speed in irving, texas. police say the mercedes went 900 feet, flipped and caught fire. police say that nose tackle josh b
cliff and that a lot of consumers are taking a wait and see approach, reluctant to go on a spending spree. >>> okay, i know you've got them, you've got questions about the fiscal cliff, so get them to me by tweeting them to me at my handle at allisoncossack and we'll handle as many as we can during our 5:00 hour. >>> now to the latest on that tragic story out of britain. the investigation continues into the apparent suicide of a nurse at the hospital where the duchess of...
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president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 t
president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the...
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>> we are not going into this fiscal cliff from a position of strength. there is no doubt, if we cliff dive on this we're going to have a high unemployment a lot of people will be laid off because of the spending cuts and tax increases. >> heather: and we are facing tax increases. >> absolutely. >> heather: thank you. >> gregg: new chaos unfolding in the middle east as egypt's military threatens the protestors there. syria preparing to unleash chemical weapons and people are scared seen here running for their lives to prevent two catastrophes from getting a whole lot worse. staechb yates will be with us next. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who trieit agreed that it relieved their headache fast. visit fastreliefchallenge.
>> we are not going into this fiscal cliff from a position of strength. there is no doubt, if we cliff dive on this we're going to have a high unemployment a lot of people will be laid off because of the spending cuts and tax increases. >> heather: and we are facing tax increases. >> absolutely. >> heather: thank you. >> gregg: new chaos unfolding in the middle east as egypt's military threatens the protestors there. syria preparing to unleash chemical weapons and...
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just when you thought the fiscal cliff talks were at a standstill, john boehner spent time today at the white house with president obama. we like to spend our sunday afternoons with cnn contributor. lz granderson, a writer for espn, consultant and strategist, good to see body of you. john boehner had some pretty tough words for the president on friday, listen. >> there are a lot of things that are possible to put the revenue that the president seeks on the table. well, but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> so anna, he also said the white house has wasted another week. now two days later, they're meeting again. did boehner's remarks make the difference? >> good. look, i think it's great. we cannot reach a deal if you are posturing and negotiating through press conferences. they need so sit in a room, they need to look at each other, they need to talk constructive debate, and they need to move this ball forward. i think what happened today is a very good sign. americans should be encouraged. it's a good thing.
just when you thought the fiscal cliff talks were at a standstill, john boehner spent time today at the white house with president obama. we like to spend our sunday afternoons with cnn contributor. lz granderson, a writer for espn, consultant and strategist, good to see body of you. john boehner had some pretty tough words for the president on friday, listen. >> there are a lot of things that are possible to put the revenue that the president seeks on the table. well, but none of it's...
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if the fiscal cliff has, we'll go in recession. people will put off improving their home and it will impact my buds. >> abuds -- my business. >> you have more of the tax money going in, more money going in taxes. less goes in business that fix up and take care of business. we are not going to upgrade as many kitchen or replace as many appliances. the air conditioning stoves down the line. >> he said he will likely lay off employee to juggle the cost. >> big business, they if v full-time accountant and lawyers on their staff. it's part of the overhead and administration but for us it's extra expense off the top. >> it goes across the country. the latest gallup small business index released today find small business owners net capital spending inintentions for 12 months plunged to negative 14 in november. the lowest level two years. >> the dow lost 75. s&p 500 fell nine. nasdaq finished 22. down. finished 22 down. susan rice is out as potential secretary of state. we talk about that with the fox all-stars and the other cabinet shakeu
if the fiscal cliff has, we'll go in recession. people will put off improving their home and it will impact my buds. >> abuds -- my business. >> you have more of the tax money going in, more money going in taxes. less goes in business that fix up and take care of business. we are not going to upgrade as many kitchen or replace as many appliances. the air conditioning stoves down the line. >> he said he will likely lay off employee to juggle the cost. >> big business,...
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>>> the fiscal cliff, the fiscal cliff, just 23 days away and if we go over it, automatic spending cuts will take effect, automatically, bam. todd schoenberger is back with me from new york. we spent some time taking questions from viewers who want 20 know how the fiscal cliff will affect them. what will make the headlines? >> bottom line is this, that is if nothing is resolved right now, we are looking at a 20% increase across the board for tax revenue for washington. and you hear a lot about these spending cuts but realistically, we won't see a whole lot of spending cuts, because this way this was actually createded, we would only see spending cuts of .25%. >> one coming from edgar, he says i'm not confused about the fiscal cliff, what i'm confused about is what taxes will be raised? >> that's right. well the payroll tax holiday, it was created in 2010, it had a two-year tax extension, it expires on december 31st. this is a 2% payroll tax that all americans were enjoying. if nothing is resolved, your first paycheck in january is going to be 2% lighter. that may not sound like a lot. b
>>> the fiscal cliff, the fiscal cliff, just 23 days away and if we go over it, automatic spending cuts will take effect, automatically, bam. todd schoenberger is back with me from new york. we spent some time taking questions from viewers who want 20 know how the fiscal cliff will affect them. what will make the headlines? >> bottom line is this, that is if nothing is resolved right now, we are looking at a 20% increase across the board for tax revenue for washington. and you...
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well, most of us know by know the so-called fiscal cliff is looming and if lawmakers in washington don't come up with a deal our taxes will go up and dramatic spending cuts will affect agencies across the board and that includes the food and drug administration in charge of keeping what we eat safe. our emily schmidt explains what that means. >> there are two agencies responsible for food safety. under sequestration, the job's the same with less funding to make it happen. preparing for the holidays and paul and tress ya bennett's house is a reminder of something else around the corner, a fiscal cliff deadline that's personal here. >> i just can't imagine funding being cut at this point. it would be tragic. >> teresa is worried mandatory cuts would mean. >> closely was in the hospital for two weeks, luke, for three. >> she got listeria from food she ate while pregnant. it affected 48 million people a year. the fda and the food safety and inspection service are charged with inspecting the food supply. an 8.2% budget cut combines. there's no word exactly what cuts would mean to inspector st
well, most of us know by know the so-called fiscal cliff is looming and if lawmakers in washington don't come up with a deal our taxes will go up and dramatic spending cuts will affect agencies across the board and that includes the food and drug administration in charge of keeping what we eat safe. our emily schmidt explains what that means. >> there are two agencies responsible for food safety. under sequestration, the job's the same with less funding to make it happen. preparing for...
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did he want to have this protracted battle that would take attention away from the fiscal cliff debate, the economic debate where he's clobbering the republicans and put it in some other area where he's not necessarily as strong? now, in terms of the enemies, i think what it was is certainly you have people with the knifes out like john mccain and lindsey graham but just as tellingly, you didn't have a lot of democrats ready to go to the mattresses for her. so, yes, they could have gotten her through, but it's not a fight a lot of the democrats were relishing having. i think it had very little to do with benghazi and i think as joy pointed out, it had a lot to do with pique, and john mccain's pique at the way susan rice treated him during the 2008 campaign. >> dana, this critique of ambassador rice having sharp elbows, i have heard that, frankly, as a sexist slur by men very often who make that kind of critique because they don't like the fact that a woman has to work ten times as hard to get into a position of seniority. you know, so all this talk of her having sharp elbows, did she r
did he want to have this protracted battle that would take attention away from the fiscal cliff debate, the economic debate where he's clobbering the republicans and put it in some other area where he's not necessarily as strong? now, in terms of the enemies, i think what it was is certainly you have people with the knifes out like john mccain and lindsey graham but just as tellingly, you didn't have a lot of democrats ready to go to the mattresses for her. so, yes, they could have gotten her...
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cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we were asking early on, is there a wa
cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to...
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in echo of the original discussions the gentleman and i just hads far as the fiscal cliff is concerned. our commitment is to try to rece the mountain of tet that is strangling this country and trying to stop the spending that continueso spiral out of control. so any discussion of the increase of debt for us has to be accompanied with a real commitment to the reduction in spending, otherwise, those credit rating agencies are going to continue to do what they did. and so in order to engender confidence in those agencies and the market and throughout the american economy and the public, we have got to gain some credibility on the spending issue and stop the spending. that is our position, the gentleman knows at. yes, we all agree america is a country that pays its bills we need to stop racking up so many of them. we've got ton a situation where we are generating trillions, $1 trillion of additional annual debt. we can't do that. and that's why we take the position we do. to try and arrest that, to get our ecomy back on an even keel so we can heal that economy. i yield back. mr. hoyer: i t
in echo of the original discussions the gentleman and i just hads far as the fiscal cliff is concerned. our commitment is to try to rece the mountain of tet that is strangling this country and trying to stop the spending that continueso spiral out of control. so any discussion of the increase of debt for us has to be accompanied with a real commitment to the reduction in spending, otherwise, those credit rating agencies are going to continue to do what they did. and so in order to engender...